Fairer Finance’s mission is to create a financial services market which is fair for consumers as well as the companies that serve them.
To achieve that goal, we regularly engage with regulators, government, and industry bodies helping to influence and shape new pieces of legislation and regulation.
Policymakers use our data to inform the design and implementation of evidence-based policymaking.
We are asked to advise on the most contentious and high-profile issues. We have an excellent knowledge of the legal and regulatory requirements in the financial services sector and provide a challenge to conventional views which prevent progress. We conduct independent economic impact studies to inform evidence-based policy.
We are also asked to provide the customer perspective. We respond to as many key consultations as we can, and regularly share our views at industry events, as well as through the media.
Some of the work we are currently engaged in includes:
Whilst campaigning for a fairer financial industry we regularly respond to consultations from the Government and other authorities.
Future of the funeral plan market
We are engaged with the Treasury, FCA, CMA and funeral plan industry to create better protection and clarity for consumers in this market.
Insurance policy
We've been feeding into the FCA’s work on the implementation of the Insurance Distribution Directive and the publication of its insurance value measures.
Nationwide Consumer Brexit Panel
Working alongside a panel of experts to consider the impact of Brexit on consumers.
Open Banking Project
Working to ensure consumers' interests are represented in this important project, which will allow customers' personal banking data to be used by third party software providers – facilitating more effective comparison and efficient money management.
Competition & Markets Authority
Engaging with the CMA on its work around the comparison site market.
Transparency Taskforce
We are strategic supporters of the Transparency Taskforce, and James Daley is one of the organisation's ambassadors.
James Daley, our managing director, giving evidence to a Select Committee.
Access to Cash Review
We are a member of the independent Access to Cash panel, considering how we continue to protect access to cash for those who rely on it, as cash usage declines. The panel is chaired by former head of the Financial Ombudsman Service, Natalie Ceeney. Fairer Finance's managing director gave evidence to the Scottish Affairs Select Committee, feeding in the findings of the Access to Cash Review into the Committee's Access to Financial Services Inquiry in March 2019 (see image, right).
Fairer Finance also regularly speaks at industry events. Some of the events we've spoken at include:
The Times Future of Money event
The Telegraph Future of Fintech conference
The ABI's Annual Conference
The Network event on how insurers can better serve consumers
The Behavioural Insight Team lunch and learn session
Post magazine's Claims Club event
The All Party Parliamentary Group on Insurance
Social Market Foundation event on financial inclusion in banking
Prospect event on financial inclusion
Westminster Business Forum event on the future of insurance
ABI's Future Leaders Conference
The Financial Services Forum
The Protection Review conference on making protection relevant for millennials.
If you'd be interested in a Fairer Finance representative speaking at your event, or you'd like to talk to us about work in the policy space, please email fairerfinance@fairerfinance.com or call us on 020 3026 8541.